Problem 3-22

Tribke Enterprises collected the following data from its financial reports for 20X3:

Stock Price	$18.81
Inventory Balance	$300,000
Expenses (excluding COGS)	$1,080,000
Shares Outstanding	250,000
Average Issue Price of Shares	$5.00
Gross Margin %	40%
Interest Rate	8%
TIE Ratio	8
Inventory Turnover	18x
Current Ratio	1.5
Quick ratio	.75
Fixed Asset Turnover	1.5

Complete the following abbreviated financial statements, and calculate per share ratios indicated. (Hint: Start by subtracting the formula for the quick ratio from that for the current ratio and equating that to the numerical difference.) Round your answers (except ratios) to the nearest dollar. Round the values of ratios to 2 decimal places. (Ignore taxes.) Do not round intermediate calculations.

INCOME STATEMENT
Revenue	$ fill in the blank 1
COGS	fill in the blank 2
GM	$ fill in the blank 3
Expense	fill in the blank 4
EBIT	$ fill in the blank 5
Interest	fill in the blank 6
EBT	$ fill in the blank 7

BALANCE SHEET
Current Assets	$ fill in the blank 8	Current Liabilities	$ fill in the blank 9
Fixed Assets	fill in the blank 10	Long Term Debt	fill in the blank 11
		Paid in Capital*	fill in the blank 12
		Retained Earnings	fill in the blank 13
		Total Equity	fill in the blank 14
Total Assets	$ fill in the blank 15	Total Liabilities & Equity	$ fill in the blank 16
RATIOS
Book Value per Share	$ fill in the blank 17	Market/Book Value Ratio	fill in the blank 18

*Paid in Capital=Common Stock + Paid in Excess